Gold stays firm on jeweller-buying

Gold prices climbed by Rs 90 per 10 grams, rising for the second straight session at the bullion market here today, on sustained buying by local buying interest amid bullish global cues.

Silver prices also gained on uptick in demand from industrial units.

Standard gold (99.5 per cent purity) moved up by Rs 90 to end at Rs 30,560 per 10 grams from last Friday's level of Rs 30,470.

Pure gold (99.9 per cent purity) also rose by a similar margin to close at Rs 30,710 per 10 grams against Rs 30,620 earlier.

Silver (.999 fineness) rose by Rs 85 to end at Rs 39,820 per kg as against Rs 39,735 previously.

Globally, gold was off last weeks six-month low as concerns over a global trade war edged higher after a report said the United States plans to bar Chinese companies from investing in its technology firms.

Spot gold was steady at USD 1,268 an ounce at early trade.

In other precious metals, silver fell by 0.3 per cent to USD 16.38 an ounce.